Foreign exchange rate movement up to Apr 10, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Apr 10, 2020. Source: Nepal Rastra Bank

The rupee continues to depreciate against all other major currencies this week compared to previous week except Yen. Yuan created history reaching all-time high.

Nepalese Rupees (NPR) is pegged with Indian Rupees (INR) at fixed rate of 1.6 (1 INR = 1.6 NPR). Therefore, any movement of INR against other currencies changes NPR in the same direction.

1 Comment »

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.